Algert Global LLC raised its holdings in shares of Visteon Co. (NASDAQ:VC - Free Report) by 36.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,198 shares of the company's stock after buying an additional 17,286 shares during the quarter. Algert Global LLC owned about 0.24% of Visteon worth $5,784,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of VC. LPL Financial LLC increased its position in Visteon by 2.6% during the fourth quarter. LPL Financial LLC now owns 6,166 shares of the company's stock worth $547,000 after purchasing an additional 156 shares during the last quarter. Franklin Resources Inc. lifted its stake in Visteon by 0.8% during the third quarter. Franklin Resources Inc. now owns 20,620 shares of the company's stock worth $1,881,000 after purchasing an additional 171 shares in the last quarter. Xponance Inc. boosted its holdings in Visteon by 4.7% during the 4th quarter. Xponance Inc. now owns 3,898 shares of the company's stock valued at $346,000 after acquiring an additional 175 shares during the period. Summit Investment Advisors Inc. increased its stake in Visteon by 2.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,519 shares of the company's stock worth $756,000 after buying an additional 182 shares during the period. Finally, Inspire Investing LLC raised its stake in shares of Visteon by 5.0% in the fourth quarter. Inspire Investing LLC now owns 4,533 shares of the company's stock valued at $402,000 after acquiring an additional 216 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on VC shares. Guggenheim lowered their target price on shares of Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Robert W. Baird boosted their price target on Visteon from $76.00 to $86.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. The Goldman Sachs Group restated a "neutral" rating and issued a $74.00 target price (down previously from $103.00) on shares of Visteon in a research note on Thursday, April 10th. Barclays reiterated an "equal weight" rating and set a $82.00 price target (down from $110.00) on shares of Visteon in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Visteon from $90.00 to $97.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $98.58.
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Visteon Price Performance
Shares of NASDAQ:VC traded up $1.32 during midday trading on Friday, hitting $84.61. 261,439 shares of the stock were exchanged, compared to its average volume of 306,991. The stock has a market cap of $2.31 billion, a P/E ratio of 8.62, a PEG ratio of 0.42 and a beta of 1.23. Visteon Co. has a twelve month low of $65.10 and a twelve month high of $117.94. The company has a 50 day moving average price of $77.95 and a 200-day moving average price of $84.77. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23.
Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $2.40 EPS for the quarter, beating the consensus estimate of $1.70 by $0.70. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The business had revenue of $934.00 million for the quarter, compared to analyst estimates of $906.38 million. During the same period in the prior year, the business earned $1.61 earnings per share. The company's quarterly revenue was up .1% on a year-over-year basis. On average, research analysts forecast that Visteon Co. will post 8.42 earnings per share for the current year.
About Visteon
(
Free Report)
Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.
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